News
Opeke, TD Lead Other Speakers @ EduNet 2014

Ms. Funke Opeke, chief executive officer, Main One Company and Harry ’Tomi Davies (TD) shall be leading other speakers at the 4th Edition of Education Network Conference -EduNet 2014 which begins on Monday.
EduNet 2014 is to be hosted by the ICT Centre and the Institute for Entrepreneurship Development Studies of Obafemi Awolowo University in Partnership with Tel Aviv University Entrepreneurship Centre (StarTAU), Israel.
The theme of this year’s event scheduled for May 20-22, 2014 is: “Fostering Technology Entrepreneurship in Nigerian Universities”
The three day event will look at issues around building Technology Entrepreneurship Ecosystem within the Nigerian University Community with key examples from the Israel Technology and Innovation Ecosystem.
“We are happy to host this year’s EduNet Conference at the ICT Centre of the University,the idea of fostering Technology Entrepreneurship in Nigeria is key to economic development of the country. That is why our centre will be playing key roles in the conference” Prof Adeshola Aderounmu, director ICT centre of ObafemiAwolowo University, said.
Oren Simanian, founder, Tel Aviv University Entrepreneurship Centre and his team from Israel will lead discussions on How Nigeria can create Technology Entrepreneurship Ecosystem with lessons from Israel (Start-up Nation).
“Our Entrepreneurship development centre in Tel Aviv University has contributed greatly to the development of the entrepreneurship and the Startup ecosystem in TelAviv,Israel and so we are happy to partner with Nigerian Institutions to help share ideas and develop the ecosystem in Nigeria bearing in mind the triangle of innovation around the world is held together by the cooperative endeavor of the Government, the academic community, and the Technology Industry.We see EduNet 2014 as a great platform to start off such discussions” Simanian, said.
“This year, having seen the need for Nigerian universities to lead in the development of technology entrepreneurship in Nigeria, the 4th edition of EduNet conference now has a new task hence the focus this year is on building Technology Entrepreneurship/incubation centres to foster entrepreneurship in Nigeria.
“In other to start off discussions around the building of these tech centres in Nigerian Universities, EduNet 2014 (hosted by the ICT centre and the Institute for Entrepreneurship Development studies of the Obafemi Awolowo University, Ile-Ife)will provide the platform for discussions with the Government, ICT directors of Nigerian Universities, Regulatory authorities of the Nigerian Universities, Funding/partnering organizations and the Technology industry in Nigeria in collaboration with Tel Aviv University Entrepreneurship Centre (StarTAU) Israel and the Israel Startup Network,” Kenneth Omeruo, coordinator, EduNet 2014 added.
Presentations and Panel discussions will be focused on the following: Accessing the state of Technology Entrepreneurship in Nigerian universities with a view of proffering strategies and solutions for Technnovation in Nigeria; Building Entrepreneurial Ecosystem: The Israeli ”Start Up Nation” story; The role of government in fostering Technology Entrepreneurship in Nigerian Universities; Private sector support in Building Technology Entrepreneurship Centres in Nigeria and the World Bank as a strategic partner in Entrepreneurship Development.
Others are funding as key to the success of Technology Entrepreneurship; the concept of Technology Incubation and acceleration as major ingredient in growing entrepreneurship; how to create an Entrepreneurial University; tech transfer and commercialization: Tel Aviv University case studies; developing partnership and collaboration as key to the success of Entrepreneurship; success stories of leading Technology Entrepreneurs in Nigeria and start Up Nigeria: From the Pitch to Turning Ideas into profitable Ventures: What does it take.
Other speakers expected at the conference are Oren Simanian, founder and chief executive officer at Tel Aviv University; Prof .Adesola Aderounmu, a Professor in the Department of Computer Science and Engineering, Obafemi Awolowo University, Ile-Ife; Professor Francis Adesina is a professor of Geography; Dr.Olatunde Adekola senior education specialist in the Africa Regional Department of the World Bank based at the Nigeria Country Office, Christopher Pruijsen, co-founded several youth enterprise programmes in the UK and abroad, among others.
News
Yahoo Mail Halts Free Storage Service, Caps at 20GB

Yahoo Mail has announced a major shift in its storage policy, slashing the free email storage cap to 20GB and rolling out a new subscription model starting at $1.99 per month for 100GB.
The change, which takes effect immediately, marks a significant downgrade for many long-time users who have grown accustomed to Yahoo’s previously generous storage offering.
In a notice sent to users on Tuesday, the company urged account holders to review their current storage usage and consider paid upgrade options to avoid disruptions.
“Once you reach the 20GB limit, you will no longer be able to send or receive emails unless you either delete existing messages or upgrade your account,” the notice warned.
While access to inboxes will remain intact for now, users will be forced to clean up their accounts or move to a paid tier to maintain full functionality.
Yahoo has unveiled two new storage plans which are 100GB for $1.99/month and 1TB for $9.99/month.
For those seeking a more premium experience, Yahoo is also offering Yahoo Mail Plus, which includes 200GB of storage, an ad-free interface, and additional features. However, users opting for the 100GB and 1TB tiers will still be served ads, a move likely to frustrate those paying for expanded capacity.
To ease the transition, Yahoo is rolling out new tools to help users manage their inboxes more efficiently. These include real-time storage tracking, a usage dashboard, sorting options for large emails, and an attachment manager to help clear out space-consuming files.
Despite the enhancements, the abrupt downgrade has sparked concerns among users, particularly those with email archives spanning more than a decade. Critics argue the change could pressure many into paying for what was previously free, without a proportionate upgrade in value, especially considering ads remain in place for all but the premium Plus tier.
Yahoo’s new model brings it closer to competitors like Gmail, which offers 15GB of free storage shared across Gmail, Google Drive, and Google Photos. Google’s paid plans also begin at $1.99/month for 100GB, but offer additional benefits such as photo backups and expanded cloud services. Gmail also provides a cleaner experience, with minimal ads even on its free plan.
Yahoo Mail’s new 20GB limit applies exclusively to email storage, a slight advantage for users who don’t rely heavily on broader cloud services. But the real test will be how users respond to the newly imposed constraints and whether the value proposition is strong enough to convert them into paying subscribers.
News
CAC to Delist 100,000 Dormant Firms After 90-Day Compliance Window

Corporate Affairs Commission (CAC) in Nigeria has announced a significant move to strike off approximately 100,000 dormant companies from its register due to their failure to file annual returns for over a decade.
This initiative, aimed at cleaning up the nation’s business registry, was confirmed in a statement released by the CAC on Tuesday, 29 July 2025. The commission has granted these companies a 90-day grace period to submit all outstanding annual returns or face permanent removal from the database.
The CAC’s action is grounded in Section 692 (3) (4) of the Companies and Allied Matters Act (CAMA) No. 3 of 2020, which empowers the commission to delist defunct or inactive companies.
The statement, published on the CAC’s official website, urges affected companies to file their overdue returns and notify the commission via email at activation@cac.gov.ng to avoid being struck off.
The commission has also made it clear that it is illegal to conduct business under the name of a delisted company, as such entities are considered dissolved.
Registrar General Garba Abubakar previously noted that nearly 90% of registered companies in Nigeria are dormant, highlighting the scale of non-compliance. This crackdown is part of a broader effort to enhance transparency and ensure a robust business environment in Nigeria.
The CAC has advised stakeholders to verify the status of companies before engaging in transactions, warning that dealing with a dissolved company could lead to legal repercussions. Only a Federal High Court order can reinstate a delisted company, underscoring the gravity of the process.
The list of affected companies, numbering around 100,000, has been published on the CAC’s website, allowing businesses to check their status. Companies that have already filed complete annual returns but find themselves listed have been instructed to provide evidence of compliance by emailing compliance@cac.gov.ng within the 90-day window.
This initiative follows earlier warnings from the CAC, including a December 2024 announcement to delist 91,843 companies and a subsequent removal of 80,429 companies in November 2024, which included notable names like Innoson “Vinod” International Limited and Jolly Food Industries Ltd.
The 90-day grace period, starting from 29 July 2025, offers a final opportunity for these companies to regularise their status.
The CAC’s decisive action signals a commitment to fostering accountability and compliance within Nigeria’s corporate landscape, raising important questions about the operational challenges facing thousands of registered businesses.
As the deadline approaches, the commission’s efforts are expected to reshape the country’s business ecosystem, ensuring only active and compliant entities remain on the register.
News
InfraCredit, AMDA Sign Partnership to Unlock Local Financing for Africa’s Mini-grid Sector

InfraCredit, a specialised infrastructure credit guarantee institution, has entered into a strategic partnership with the Africa Minigrid Developers Association (AMDA) to boost access to long-term local currency financing for mini-grid and distributed renewable energy (DRE) projects across Africa.
The agreement aims to strengthen market development and address long-standing financing barriers in the mini-grid sector, especially in Nigeria and other underserved African markets.
The collaboration is aligned with InfraCredit’s Clean Energy Funding Programme (CEFP), which offers credit enhancement, due diligence support, and technical assistance to renewable energy developers.
“With an estimated 86 million Nigerians, alongside hundreds of millions across Africa—still living without electricity, bridging this energy access gap demands a pipeline of investment-ready, well-prepared projects that can unlock scalable capital and accelerate financial close,” said Chinua Azubike, CEO of InfraCredit.
“This partnership creates a practical pathway to scale the impact of our Clean Energy Funding Programme by equipping more developers to structure commercially viable mini-grid and DRE projects that qualify for long-term local currency finance,” Azubike added.
Through the agreement, both InfraCredit and AMDA will work together to facilitate technical assistance, share toolkits, and deploy credit modelling frameworks, including InfraCredit’s Distributed Renewable Energy Lending Toolkit (DRELT) and DRE Credit Rating Model. These tools aim to enhance the bankability of projects and improve developers’ ability to secure patient capital in local currency.
AMDA, which represents mini-grid developers operating in over 20 African countries, brings deep sector expertise and a strong network of DRE operators to the partnership.
According to Lamide Niyi-Afuye, CEO of AMDA, the collaboration addresses one of the most persistent challenges in the sector.
“We are pleased to collaborate with InfraCredit to address one of the most persistent barriers in the minigrid sector, access to affordable, long-term local currency finance,” said Niyi-Afuye.
“By aligning AMDA’s advocacy and technical support efforts with InfraCredit’s proven models and tools, we aim to accelerate the deployment of resilient, decentralised energy solutions that deliver tangible socioeconomic benefits in Africa. We view this partnership as a blueprint that will be used beyond borders, paving the way for broader regional impact,” he added.
The partnership will also support the development of transaction-ready pipelines, capacity-building initiatives, and investor-developer forums aimed at improving market transparency and accelerating the roll-out of commercially viable mini-grids.
By facilitating access to domestic blended finance and strengthening project preparation, the partnership hopes to unlock greater private sector participation, mobilise local capital, and expand clean energy access across unserved and underserved communities in Africa.
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